How can it be used to facilitate customer service

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Why is personalization becoming an important element in EC? What techniques can be to learn about consumer behavior? How can it be used to facilitate customer service? Give an example

Reference no: EM131088763

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What is the marginal propensity to consume : Suppose disposable income increases by $2,000. As a result, consumption increases by $1,500. Answer the following questions based on this information. Where appropriate, enter your answer as a decimal rather than as a percentage. The increase in savi..

Consumers by domestic and foreign producers : Assume that the United States, as a steel importing nation, is large enough so that changes in the quantity of its imports influence the world price of steel. The U.S. supply and demand schedules for steel are illustrated in Table 4.12, along with th..

The marginal private benefit for commodity : The marginal private benefit (MPB) for commodity X is given by MPB = 20 – X, where X is the number of units consumed. The marginal private cost (MPC) of producing X is 2X (MPC = 2X). For each unit of X produced, the marginal external cost (MEC) of pr..

Comparative advantage gains from trade : Assume a given country two industries X and Y, and in autarky X is produced by a monopolist (with constant returns to scale). Using a graph, explain the precompetitive and comparative advantage gains from trade.

How can it be used to facilitate customer service : Why is personalization becoming an important element in EC? What techniques can be to learn about consumer behavior? How can it be used to facilitate customer service? Give an example

Access to critical and personal information : When working with user and customer data, one has access to critical and personal information. It is your responsibility to ensure that the data are not abused nor misused.

The rate of depreciation on capital were to fall : Would the balanced-growth path of output per worker for the economy shift upward, shift downward, or remain the same if capital were to become more durable (i.e., if the rate of depreciation on capital were to fall?)

Necessary part of any business : 1. It is common knowledge that employees are a necessary part of any business. Identify three (3) best practices in the user domain and suggest the control type(s) (technical or manual) that are best suited to monitor each best practice.

Concave utility function : Hugo has a concave utility function of U(W) = W^0.5. His only asset is shares in an Internet start-up company. Tomorrow he will learn the stock's value. He believes that it is worth $144 with probability 2/3 and $225 with probability 1/3. illustrate ..

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